DirectTV Group Inc. said Thursday that its second quarter earnings fell 11 percent due to debt costs, but revenue was up because of satellite TV subscriber growth.

The El Segundo company reported net income of $407 million (40 cents per share), compared with $455 million (40 cents) a year ago. Share repurchases have reduced the number of shares outstanding from a year ago.

Revenue rose 9 percent to $5.22 billion. Gross subscriber additions grew 17 percent, boosted by increased marketing DirecTV’s bundled service with AT & T.; The company has a net 224,000 U.S. subscribers, up 74 percent from a year ago.

Analysts surveyed by Thomson Reuters on average expected net income of 43 cents per share on revenue of $5.18 billion.

Revenue rose 11 percent to $680 million in Latin America, mostly due to strong subscriber growth. Cost controls companywide offset slower growth of average monthly revenue per subscriber, which was just 1.7 percent.

The net income decline primarily came from lower operating profit and increased net interest expense due to higher debt balances, the company said.

Shares closed down 92 cents, or 3.6 percent, to $24.84 on the Nasdaq.